On the afternoon of March 28, 2024, the Ministry of Commerce of China held a regular press conference. Some media asked that China initiated a lawsuit at the WTO in response to US regulations that prevent electric vehicle manufacturers from purchasing battery materials from China. What is China's purpose?

In this regard, Chinese Ministry of Commerce spokesperson He Yadong said that in the name of "responding to climate change" and "low-carbon environmental protection", the United States introduced the "Inflation Reduction Act" and its implementation details, and used products from specific regions such as the United States as a prerequisite for subsidies. , Introduce discriminatory subsidy policies. This distorts fair competition, seriously disrupts the global new energy vehicle industry chain and supply chain, and violates relevant WTO rules.

He Yadong said that China's prosecution is not only a legitimate move to safeguard the interests of Chinese new energy vehicle companies and a fair competitive environment for the global new energy vehicle industry, but also to firmly defend the rules-based multilateral trading system and resolutely safeguard the global industrial chain and supply of new energy vehicles. chain stability.